December 2022 Victoria BC Area Realty Statistics

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Featured image for Victoria Real Estate Market statistics in 2022

The year is all wrapped up like a holiday present and we have the first monthly Victoria BC realty statistics post of the year covering December 2022.

Victoria Real Estate Stats for Condos and Apartments in December 2022

Condos having held their own throughout the market correction showed a dramatic decline (-17%) based on comparing Dec 2021 average sales prices to average sales prices in Dec 2022.
Illustration showing Victoria Real Estate Statistics for Condos and Apartments in December 2022
This is reflective of the dramatic drop in sales of Condos during Dec 2022 and not necessarily what the Condo market has done over the past year.

Victoria Real Estate Stats for Single Family Homes in December 2022

The average price comparison from Dec 2021 and Dec 2022 indicates a price change in the Single family (-8%) and Townhome (-9%) markets that is consistent with what we’ve seen generally happen in the market over the past year.
Illustration showing Victoria Real Estate Statistics for Single Family Homes in December 2022
Anyone invested in the local market is unlikely to be surprised at the current single family home trends.

Victoria Real Estate Stats for Townhomes and Duplexes in December 2022

There are a variety of approaches to comparing markets over time, average prices, median price and the Home Price Index etc..
Illustration showing Victoria Real Estate Statistics for Row and Townhouse in December 2022
Each approach has a flaw which is why if you are considering selling you should consult an Expert with experience in the local market to determine the correct value of your property.

Geoff McLean

Geoff is an established real estate professional whose years of experience have earned him numerous awards and accolades. He has been one of the top RE/MAX Realtors in the Victoria (BC) area since 1990, a Victoria Real Estate Board MLS Gold Award winner for more than 36 years, and has won many other awards over the years. What do these awards mean to you? They mean that Geoff works hard and that he produces consistently. He is well connected in the industry and in the community. Connect with Geoff via email geoff@mcleanrealestategroup.ca

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